REG - FD Technologies PLC - Publication of Circular and Notice of GM

FD TechnologiesAnnouncement

08/10/2024 17:15

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RNS Number : 4222H  FD Technologies PLC  08 October 2024

 

8 October 2024

 

FD Technologies plc

("FD Technologies" or the "Company")

 

Publication of Circular and Notice of General Meeting

 

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that, further
to the announcement made on 7 October 2024 regarding the proposed divestment
of the First Derivative Business (the "Divestment"), the shareholder circular
(the "Circular") has now been published to the Company's shareholders (the
"Shareholders").

 

The Circular includes a Notice of General Meeting (the "Notice") of the
Company convening a general meeting of the Shareholders to be held at the
offices of the Company, at the Conlon Building, 1-2A Marcus Square, Newry,
County Down BT34 1AY at 12.00 pm on 24 October 2024 (the "General Meeting").

 

The General Meeting will be held as a physical meeting and Shareholders should
refer to the

Notice for further information. Whether or not Shareholders intend to attend
the General Meeting, Shareholders are encouraged to appoint a proxy to vote on
the ordinary resolution proposed in respect of the approval of the Divestment
and related matters (the "Resolution") as soon as possible in the manner set
out in the Circular.

 

Completion of the Divestment is subject to passing of the Resolution and the
satisfaction of the other Conditions (as defined and further set out in the
Circular).

 

The Board considers the Divestment to be in the best interests of the Company
and its Shareholders as a whole and accordingly the Directors unanimously
recommend that Shareholders vote in favour of the Resolution to be proposed at
the General Meeting.

 

An updated expected timetable of principal events, extracted from the Circular
is set out below.

 

The Circular is available on the Company's website at
https://fdtechnologies.com/investor-relations/regulatory-listings/public-filings/.

 

Forms of proxy for use at the General Meeting (the "Forms of Proxy") will be
enclosed with the Circular. Hard copies of the Circular and forms of proxy are
being posted to Shareholders.

 

Expected timetable of principal events

 

 Event                                                                           Time and/or date
 Announcement of the Divestment                                                  7 October 2024
 Publication of the Circular and Notice of General Meeting                       8 October 2024
 Latest time and date for receipt of Forms of Proxy, online voting instructions  12 p.m. on  22 October 2024
 and CREST voting instructions
 Voting Record Time                                                              6 p.m. on 22 October 2024
 General Meeting                                                                 12 p.m. on 24 October 2024
 Expected completion of the Divestment subject to the Conditions being           Fourth quarter of 2024
 satisfied
 Long Stop Date for completion of the Divestment                                 28 February 2025
 Notes:

 All references to time in this document are to London time unless otherwise
 stated.

 The expected completion date for the Divestment is indicative only and based
 on the Company's expectations and is subject to change. If the expected
 completion date for the Divestment should change, the revised expected
 completion date will be announced through a Regulatory Information Service.

 If the General Meeting is adjourned, the Voting Record Time will be 6 p.m. on
 the day which is two working days before the date of the adjourned General
 Meeting.

 

 

 

For further information, please contact:

 

 FD Technologies plc                                  +44(0)28 3025 2242

 Seamus Keating, Chief Executive Officer              www.fdtechnologies.com

 Ryan Preston, Chief Financial Officer

 Ian Mitchell, Head of Investor Relations

 Rothschild & Co (Financial Adviser)                  +44 (0)20 7280 5000

 Anton Black

 Warner Mandel

 Mitul Manji

 J.P. Morgan Cazenove (Financial Adviser and Broker)  +44 (0)20 3493 8000

 James A. Kelly

 Mose Adigun

 Will Vanderspar

 Investec Bank plc                                    +44 (0)20 7597 5970

 (Nominated Adviser and Broker)

 Carlton Nelson

 Virginia Bull

 Goodbody (Euronext Growth Adviser and Broker)        +353 1 667 0420

 Tom Nicholson

 Don Harrington

 Jason Molins

 FTI Consulting                                       +44 (0)20 3727 1000

 Matt Dixon

 Dwight Burden

 Victoria Caton

 

About FD Technologies

FD Technologies is a group of data-driven businesses that unlock the value of
insight, hindsight and foresight to drive organisations forward. The group
comprises KX, which provides software to accelerate AI-driven innovation and
First Derivative, providing consulting services which drive digital
transformation in financial services and capital markets. FD Technologies
operates from 13 locations across Europe, North America and Asia Pacific, and
employs more than 2,400 people worldwide.

 

For further information, please visit www.fdtechnologies.com and www.kx.com

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